Research and Markets has announced the addition of the "Insect Pest Control Market by Type, Control Meth, Application, and Region - Global Forecast to 2022" report to their offering.

The insect pest control market is projected to grow at a CAGR of 5.67% from 2016 to 2022, to reach a projected value of USD 17.35 Billion by 2022.

The application of insect pest control is the largest in the commercial & industrial sector due to the increasing need for professional pest control solutions especially for food manufacturing and hospitality sectors to maintain a hygienic environment for the control of cockroaches, bedbugs, flies, and mosquitoes.

North America accounted for the largest market share in 2015 due to its significant growing demand in both commercial and residential applications. Asia-Pacific is projected to be the fastest-growing region from 2016 to 2022 due to the stringent need for commercial establishments and industrial sectors (such as food processing, food service industries, and tourism sectors) to comply with pest control regulations within their premises.

Regulatory control on the use of mixtures for certain applications in different countries has limited the range of insecticides available for the formulators. Even a new active ingredient or formulations, in order to be introduced in the market, requires to undergo rigorous trails and tests to ascertain the eco-friendly nature of the products, which is a long, rigorous, and time-consuming process. Lack of skilled technical personnel can limit the expansion strategies of pest control service providers.

The insect pest control market is a fragmented market with a large number of domestic manufacturers, formulators, service, providers, and suppliers. Easy availability of off-patent chemicals allows the entry of many small-scale manufacturers and to compete for market position.

Limited research activities are conducted with respect to insectides, except for some key players such as Bayer AG (Germany) and BASF SE (Germany).

Companies Mentioned

- BASF SE (Germany)

- FMC Corporation (U.S.)

- Syngenta AG (Switzerland)

- Bayer AG (Germany)

- Rentokil Initial plc. (U.K.)

- Ecolab, Inc. (U.S.)

- Bell laboratories Inc. (U.S.)

- Arrow Exterminators Inc. (U.S.)

- Rollins, Inc. (U.S.)

- The Terminix International Company LP (U.S.).

For more information about this report visit http://www.researchandmarkets.com/research/4zx99f/insect_pest